Homes Now

Name

Homes Now

Legal name

Homes Now, Inc.

Website

https://homes-now.org

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Affordable Housing Services

NAICS

Residential Building Construction (2361), New Housing For-Sale Builders (236117), Other Residential Care Facilities (6239)

SIC

Operators Of Apartment Buildings (6513), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industries

Affordable Housing Property Management (BPAJAGAJ), Residential Affordable Housing Development & Construction (IMAFABAI), Housing & Neighborhood Services (Local Housing Programs) (BPAIACAJ)

Keywords

• Affordable housing development
• Property management services
• Municipal compliance services
• Supportive housing programs
• Community development corporation

Headquarters

HQ city

Ocean City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Affordable Housing Development: Developing and assisting in the development of affordable housing units for income-restricted individuals, veterans, seniors, and domestic violence survivors. Revenue comes from development fees and ongoing property management.
2. Municipal Compliance Services: Provides assistance to municipalities in all stages of affordable housing compliance including planning, construction, monitoring and reporting. The organization monitors all existing units through annual inspections to ensure compliance of affordability controls.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Homes Now, Inc. is a 501(c)(3) nonprofit community development corporation that develops, manages, and monitors deed-restricted affordable housing units for income-restricted families, veterans, individuals with special needs, seniors, and survivors of domestic violence across New Jersey. The organization also provides municipalities with affordable housing compliance assistance including planning, construction, monitoring, and reporting services.

Product overview

Homes Now, Inc. is a 501(c)(3) not-for-profit community development corporation established in 1997 that operates as a portfolio of affordable housing properties and services. The organization functions as both a developer (constructing new units) and property manager (monitoring existing deed-restricted units). Its portfolio includes transitional housing for domestic violence survivors (Harbour Light), senior housing (Chambers Bridge Residence, Beachview Residence), veterans and special needs housing (Tudor Village), mixed-income family housing (Sycamore Ridge, Coastal Woods), supportive housing for disabled individuals, and scattered-site single-family homes. The company provides municipal compliance assistance including planning, construction, monitoring and reporting services. Total portfolio exceeds 600 deed-restricted affordable housing units across New Jersey municipalities including Brick, Stafford, Atlantic City, and Pennsauken.

Differentiator

Problem solved

Functional benefit

Brands

• Tudor Village: 12-unit affordable apartment building for veterans, qualified affordable housing individuals and families, and individuals with special needs in Brick Township, NJ
• Coastal Woods
• Chambers Bridge Residence
• Harbour Light
• Beachview Residence
• Sycamore Ridge
• Supportive Housing
• Stafford Township Affordable Homes
• Brick Township Affordable Homes

Products and services

• Tudor Village 12-unit affordable apartment building serving veterans, qualified affordable housing individuals and families, and individuals with special needs. Located in Brick Township, NJ with 1 and 2 bedroom apartments.
• Coastal Woods 148-unit active adult condominium community in Barnegat, NJ with 1 and 2 bedroom units. Twenty percent of units available for low and moderate income sales with clubhouse, fitness center, and outdoor amenities.
• Chambers Bridge Residence 184-unit affordable housing complex for low-income seniors and individuals with special needs. Located in Brick Township, NJ. Currently owned and managed by National Church Residences.
• Harbour Light 17-unit domestic violence transitional housing apartment building with 1, 2, and 3 bedroom apartments, common space, playground, therapy rooms, and offices for domestic violence survivors and their children in Brick Township, NJ.
• Beachview Residence 54-unit affordable housing apartment complex for low income seniors and individuals with special needs. Developed in partnership with RPM Development Co. Located in Atlantic City, NJ with ocean views.
• Sycamore Ridge 304-unit affordable housing apartment complex with 1, 2, and 3 bedroom apartments. Developed in partnership with Sycamore Urban Renewal Associates, LLC. Located in Pennsauken, NJ.
• Supportive Housing 8 four-bedroom supportive housing units for persons with special needs in Brick and Stafford Townships, plus 33 ADA-compliant apartment units for various service providers serving adults with disabilities.
• Stafford Township Affordable Homes 7 single family low and moderate income affordable homes in Stafford Township with 2 to 3 bedrooms, 2 bathrooms, and attached 1 car garage. Homes Now serves as Administrative Agent for the township.
• Brick Township Affordable Homes 32 single family low and moderate income affordable homes in Brick Township with 2 to 5 bedrooms and 1 to 2 bathrooms.
• Affordable Housing Application Services Preliminary and full application processing for affordable housing programs with lottery-based selection for available units, enabling income-qualified individuals and families to apply for deed-restricted affordable housing.
• Municipal Affordable Housing Compliance Assistance Provides assistance to New Jersey municipalities in all stages of affordable housing compliance including planning, construction, monitoring, and reporting of affordable housing credits. Includes annual inspections to ensure compliance of affordability controls.
• Property Management Management and monitoring of developed properties including residential apartment buildings, single family homes, group homes, and transitional housing complexes. Provided through wholly-owned subsidiaries established for each major property.
• Emergency Assistance Emergency rental, mortgage, and utility assistance for residents experiencing loss of income, including CDBG-CV grant funds administration through Township of Brick.
• Community Outreach Distribution of supplies including food, PPE, cleaning products, and back to school supplies along with providing various housing and utility resources to those in need.

Quantifiable outcome

• Developed more than 600 deed restricted affordable housing units with over 650 affordable housing credits
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

20 partnerships are on record, tiered core and minor.

• Enable, Inc.coreImplementation/ SI/ Consulting PartnerService provider for special needs community at supportive housing units. Enable, Inc. offers around-the-clock care for adults with disabilities at Homes Now supportive housing developments in Brick and Stafford Townships.
• Resources for Human DevelopmentcoreImplementation/ SI/ Consulting PartnerProvider of supportive services for special needs community at Tudor Village and supportive housing units. Offers care services for adults with disabilities in partnership with Homes Now.
• Community Options, Inc.coreImplementation/ SI/ Consulting PartnerService provider for special needs community offering supportive housing services for individuals with disabilities at Homes Now developments.
• The Arc of Ocean CountycoreImplementation/ SI/ Consulting PartnerProvider of services for individuals with developmental and intellectual disabilities at Homes Now supportive housing units.
• National Church ResidencescoreStrategic or Co-development PartnerCurrent owner and manager of Chambers Bridge Residence (184-unit complex) originally developed by Homes Now, Inc. for low-income seniors and individuals with special needs in Brick Township.
• RPM Development Co.coreStrategic or Co-development PartnerDevelopment partner for Beachview Residence (54-unit affordable housing complex for low income seniors and individuals with special needs) in Atlantic City.
• Sycamore Urban Renewal Associates, LLCcoreStrategic or Co-development PartnerDevelopment partner for Sycamore Ridge (304-unit affordable housing apartment complex for low/moderate income families) in Pennsauken.
• Township of BrickcoreImplementation/ SI/ Consulting PartnerAdministered CDBG-CV grant funds to support Brick Township residents with rental, mortgage and utility arrears due to COVID-19 income loss. Homes Now serves as administrative agent for affordable housing compliance.
• Interfaith Hospitality Network of Ocean CountyminorChannel Partner/ Reseller/ DistributorReferral partner providing housing, food, and assistance to homeless families. Networks with Homes Now for transitional housing options.
• Catholic Charities Housing Assistance ServicesminorChannel Partner/ Reseller/ DistributorProvides assistance to eligible residents with utility payments, security deposits, back rent and mortgage payments. Referral and support network for housing-insecure individuals.
• O.C.E.A.N. Inc.minorChannel Partner/ Reseller/ DistributorOcean Community Economic Action Now provides rental assistance, housing counseling, utility assistance, and weatherization services. Referral partner for affordable housing applicants.
• Habitat for Humanity (Northern and Southern Ocean County)minorChannel Partner/ Reseller/ DistributorDeveloping communities with people in need by building and renovating houses. Collaborative nonprofit partner in affordable housing ecosystem.
• 180 Turning Lives AroundminorChannel Partner/ Reseller/ DistributorDomestic violence hotline and services provider. Referral partner for transitional housing for domestic violence survivors and their children.
• Dottie's HouseminorChannel Partner/ Reseller/ DistributorConfidentially located transitional housing program for women and children who are victims of domestic violence. Referral partner in domestic violence housing network.
• Preferred Behavioral Health of NJcoreImplementation/ SI/ Consulting PartnerService provider for special needs community at Tudor Village, offering mental health and supportive services for residents with special needs.
• Affordable Housing Professionals of New JerseyminorChannel Partner/ Reseller/ DistributorPromotes ethical standards and knowledge which supports affordable housing through dialogue, education, advocacy and policy guidance.
• Ocean County Board of Social ServicesminorChannel Partner/ Reseller/ DistributorCounty social services agency providing food stamps, Medicaid, medical transportation. Referral partner for housing assistance programs.
• NJ Department of Community AffairsminorChannel Partner/ Reseller/ DistributorState agency providing rental assistance and homelessness prevention programs. Coordinates with Homes Now on affordable housing compliance.
• New Jersey Housing & Mortgage Finance Agency (NJ HMFA)minorChannel Partner/ Reseller/ DistributorState agency offering affordable home ownership and housing opportunities. Collaborative partner for affordable housing programs.
• U.S. Department of Housing and Urban Development (HUD)minorChannel Partner/ Reseller/ DistributorFederal agency providing resources for renters, purchasers, sellers and those in danger of foreclosure. Regulatory oversight for affordable housing programs.

Scale indicators4 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Mercy Housing: One of the largest US nonprofit affordable housing developers with mixed-income, senior, and supportive housing portfolios. Comparable in mission and supportive housing for vulnerable populations but operates nationally at much greater scale.
• BRIDGE Housing Corporation: West Coast-focused nonprofit affordable housing developer with growing East Coast presence. Comparable in mission and mixed-income, supportive, and senior affordable housing development, though primarily operating in different geography.
• Enterprise Community Partners: Major national nonprofit affordable housing developer and CDFI. Comparable in affordable housing development and partnership-based execution, but operates at materially larger scale across multiple states.
• Volunteers of America: National nonprofit providing affordable housing, supportive housing, and services for vulnerable populations including veterans, seniors, and DV survivors. Comparable in mission across multiple special needs segments but at much larger national scale.

Direct peers

• The NHP Foundation: Nonprofit affordable housing developer active in the Northeast/Mid-Atlantic including NJ. Comparable in multifamily affordable development, mixed-population focus, and partnership-based execution.
• RPM Development Group: NJ-based affordable housing developer that co-developed Beachview Residence with Homes Now. Directly comparable in NJ affordable multifamily development and LIHTC-financed project execution.
• Affordable Housing Alliance: New Jersey-based nonprofit affordable housing developer and service provider operating across multiple NJ counties. Closely comparable to Homes Now in mission, geographic focus, and provision of housing-related services for low-income populations.
• National Church Residences: National nonprofit affordable housing developer and senior housing operator that already owns/manages Chambers Bridge Residence developed by Homes Now. Comparable in mission, senior/special needs housing focus, and LIHTC-financed development model.
• Catholic Charities Housing Assistance Services: NJ-based nonprofit providing housing assistance, emergency rental/utility help, and supportive services. Comparable in NJ geographic focus and housing services for income-restricted residents.
• Habitat for Humanity of New Jersey: State-level affiliate of national affordable homeownership nonprofit focused on building and rehabilitating homes for low/moderate income families in NJ. Comparable in single-family affordable development and partnership-driven model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/HomesNowInc1
• Facebookfacebook.com/HomesNowInc
• LinkedInlinkedin.com/company/nj-homes-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Homes Now